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Oil & Gas Trade
Hyundai Oilbank to Export Gasoline to the U.S. for First Tim
Hyundai Oilbank announced on March 15 that it will export gasoline products to the United States in the second quarter of the year.
Crude Oil
China Ramps Up Oil Imports From Iran
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S.
Carbon Neutral
U.S. Needs To Cut Emissions By 57% To Meet Paris Agreement Goals
The United States needs to reduce its emissions by at least 57 percent by 2030 below 2005 levels to fulfill its share of the cuts consistent with the Paris Agre…
Electric Vehicle Battery
LG Energy Solutions to Invest $4.5 Billion in Electric Vehicle Battery Production in the U.S. Through 2025
LG Energy Solution said on Thursday it plans to invest more than $4.5 billion in its U.S. battery production business through 2025 and add 4,000 jobs as it cons…
Personnel Appointment
Senate Votes to Confirm Regan as EPA Administrator
The U.S. Senate on March 10 voted 66 to 34 to confirm Michael Regan as administrator of the U.S. EPA. Representatives of the biofuels and bioenergy industries h…
Carbon Emissions
Chevron Sticks to Lower Budget Plans, Sets New Carbon Reduction Goals
U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing car…
Nuclear Power Plant
Nearly All of Nation’s 94 Nuclear Facilities Rate in the Top Performance Level
All but four of the nation’s 94 operating nuclear power plants are performing at the highest safety and security levels, according to a new release from the U.…
China Ready to Work with U.S. to Return Ties to Right Track
China is ready to work with the United States to return bilateral relations to the right track of healthy and steady growth.
Crude Oil
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Joe Biden
SK Innovation to Ask U.S. President Joe Biden to Overturn ITC's 10-year Import Ban
SK Innovation issued a statement following the ITC’s release of a Commission Opinion on its ruling about a month ago.
Crude Oil
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…
United States
Trump: Biden’s Policies To Bring ‘Energy Disaster’ To The U.S.
In his first public speech since leaving office in January, former President Donald Trump slammed President Joe Biden’s energy policies and said they would bri…
Market Analysis
Rejoining Paris Pact Signals U.S. Ready To Jump Aboard Hydrogen Express
The decision by the Biden administration to rejoin the Paris agreement will likely provide a boost to the creation of a robust hydrogen fuel industry in the U.S…
Nuclear Reactor
GE Hitachi Nuclear Energy Advances Efforts to License BWRX-300 Small Modular Reactor
GE Hitachi Nuclear Energy today announced that it continues to make significant progress in its efforts to license the BWRX-300 small modular reactor in the U.S…
Net Zero Emission
Biden says U.S., Canada to Work Toward Achieving Net Zero Emissions by 2050
U.S. President Joe Biden said on Tuesday that he and Canadian Prime Minister Justin Trudeau agreed to work toward achieving net zero emissions by 2050.
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